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Share Name Share Symbol Market Type Share ISIN Share Description
Better Capital Pcc Limited LSE:BCAP London Ordinary Share GG00BYXP9G82 ORD GBP1.00 (2009)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 21.50 18.00 25.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -42.0 -9.6 - 75

Better Capital Pcc Share Discussion Threads

Showing 76 to 98 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
12/6/2017
16:10
EM, I read through that bit...lol...I would expect the shares to trade at around 60p then.
tiltonboy
12/6/2017
11:58
Except tiltonboy they are planning a redemption, not a distribution, so if they redeem at NAV the NAV will still be 127/128p. The shares may well trade at a discount to that of course, post redemption.
eezymunny
12/6/2017
11:40
The remaining assets have an NAV of around 20p, and I would expect them to trade between 8-10p in the market, once the 107p has been paid out.
tiltonboy
12/6/2017
11:17
Spoke to the company. Reckon 2009 cell gets c. 107p. The compulsory redemption looks nice. Hopefully done at NAV which is c. 128p by my sums. This preferable to a simple distribution in my book. "In the event the proposed transaction proceeds to completion, the 2009 Cell's share of the proceeds net of costs and provisions could increase the 2009 Cell NAV by an estimated 9.65 pence per share. In the most recent Annual Report, the 2009 Cell NAV was 116.73 pence per share" So I reckon NAV maybe 116.73 + 9.65+ 2 = 128.38p/sh Who knows what the remaining bit are worth. Less or more or about the same is my guess!
eezymunny
12/6/2017
10:53
What to make of todays's statement "The sale of Gardner has realised net proceeds to the 2009 Fund of £254.1 million" that's 122.8p/sh compared with the recent "It is still the expectation that completion will occur in late May or early June 2017 with proceeds net of costs, including transaction expenses and carried interest estimated to be close to 105 pence per share" Is there a minority interest that has to be paid from the £254m? Either that, or summat similar, or it's very cheap here? Hmmmm...don't understand!
eezymunny
12/6/2017
10:16
http://www.investegate.co.uk/better-capital-pccld--bcap-/rns/disposal-of-gardner-aerospace-completion/201706121000017982H/ Nice. Thanks Langland. 107p/sh to be returned.
eezymunny
30/5/2017
20:43
Another interesting purchase by Moulton. Obviously he knows a lot more than we do.....maybe the rump is more valuable than stated.
langland
11/4/2017
11:55
Net 105p per share from sale of Gardner announced today. Share price 106 to 108p today. NAV around 123p?
sharpshare
28/11/2016
15:21
They are two different funds!
tiltonboy
28/11/2016
14:52
Yes I have thanks. Tiltonboy says the cash from the Gardner sale will not be spent on buying the BC 12 shares. So my question to him is: how then will be the BC 12 purchase be financed?
orange1
28/11/2016
14:18
http://www.investegate.co.uk/better-capital-pccld--bcap-/rns/exclusive-discussions-to-sell-gardner-aerospace/201611161653113861P/ Have you not read any of the recent announcements? Someone seems desparate to get out.
langland
28/11/2016
13:42
So where is the cash coming from or is the purchase not for cash?
orange1
17/11/2016
08:47
Yes, very good news. Has all gone to plan, for a change. And i think a decent chance that the rump might deliver a bit of upside.
rambutan2
16/11/2016
17:28
An early Christmas present. NAV of 125p of which over 100p should be returned to shareholders. Happy to apply a 40% discount to the rump, to give a price of around 110p.
tiltonboy
09/11/2016
07:02
Very curious on BC12 - so the handful of holdings are struggling, but the cash pile is going to be used to buy back up to 50% of the shares? Effectively they're doubling down - hope they know what they're doing, because so far the performance of the holdings suggests the market's been right about the discount.
spectoacc
09/11/2016
02:20
Not so good for BC12 though. But interesting buyback strategy, although at what price? Since the Annual Results, Fund II acquired a further 23.7 million Better Capital 2012 Shares ("2012 Shares") with an average gross price of 31.96 pence per share. At 30 September 2016, Fund II held 57.1 million shares (16.47 per cent. of the 2012 Cell share capital). The 2012 Shares are valued based on their quoted closing price at that date of 33.00 pence. Subject to shareholder consents, it is the Company's current intention to acquire up to 50 per cent. of Fund II's holding of the 2012 Shares by way of an off-market transaction and to cancel these on acquisition. Further communication on the matter will be made in due course. The Fund II GP has advised the Board that the recent underperformance in Everest, Jaeger and SPOT against their respective current year budgets is expected to impact the 2012 Cell NAV as at 30 September 2016 with a current expectation of a decline in the region of 14 per cent. (ie approx 61p) http://uk.advfn.com/p.php?pid=quote&btn=s_ok&symbol=bc12&s_ok=OK&;mid=-1&period=5&dm=0
rambutan2
08/11/2016
17:56
Looking good. A modest increase in NAV, and hopefully more to come given the interest in Gardner.
tiltonboy
08/11/2016
17:34
Gardner sale on target: http://uk.advfn.com/stock-market/london/better-cap-2009-BCAP/share-news/Better-Capital-PCC-Limited-Pre-close-announcement/72860920
rambutan2
03/6/2016
15:01
Been ticking up all week with a few chunky buys thrown in.
orange1
26/4/2016
09:02
Supportive article..... http://unconstrainedthinking.com/private-market-value/
langland
30/3/2016
10:00
Earlier on today there was a decent mkt. with 100k by 100k.
langland
30/3/2016
08:42
Good spot re the link. Fund has said that any realisation proceeds will be returned to shareholders so this looks like a reasonable liquidation play. Even if 'only' 200mn is achieved, that should result in about £1 return. As well as the sky article the portfolio update in Feb was encouraging for Gardner. I have come full circle with the latter having owned them 10+ years ago when they were quoted in their own right. Thank you, Rambutan, for highlighting this.
langland
30/3/2016
02:02
Gardner value at 09/15 was £185m. It had net debt of £27.5m. hTTp://news.sky.com/story/1634531/moultons-aerospace-jewel-prepares-to-take-off hTTp://www.bettercapital.gg/pdf/PCC-Newsletter-February-2016.pdf
rambutan2
Chat Pages: 5  4  3  2  1
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